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Prices of PX, PTA, MEG & PSF decline
13
May '11
Paraxylene market price declined sharply to US$ 1525/ton, in tandem with poor energy market. In S E Asian region, price was quoted in between US$ 1525/ton and US$ 1530/ton. In the F E Asian market, price hovered in the range of US$ 1530/ton to US$ 1535/ton. In Chinese market price went down to US$ 1530/ton.

In S E Asian markets, PTA declined to around US$ 1235/ton in Asian market. In Chinese market, PTA price opened around RMB 9850/ton but trading price hovered in between RMB 9600/ton to RMB 9700/ton. In Asian market PTA price declined to US$ 1250/ton to US$ 1260/ton.

Ethylene price remained stable to weak in S E Asian market and was marked in the range of US$ 1365/ton to US$ 1370/ton. F E Asian market price was in the range of US$ 1300/ton to US$ 1305/ton. In European international and domestic market, price turned soft around US$ 1540/ton and € 1130/ton, respectively. In USA market, ethylene was quoted around 65.25 cents/pound to 65.75 cents/pound.

MEG markets declined in global market in tandem with allied PET raw material. In S E Asian region, MEG prices hovered in the range of US$ 1080/ton to US$ 1085/ton. In Indian markets, price of MEG inclined to around US$ 1085/ton to US$ 1095/ton and in Chinese market, MEG price stood in the range of RMB 8500/ton to RMB 8600/ton.

BGPET Chips price remained stable to weak in S E Asian region and was in between US$ 1720/ton to US$ 1730/ton. In F E Asian markets, selling offers were around US$ 1725/ton for exportable goods. In Chinese market BG PET Chip was at RMB 12600/ton.

FGPET Chips prices in Korean markets remained stable around US$ 1650/ton to US$ 1660/ton and in Indian market; it was assessed in the range of US$ 1600/ton to US$ 1620/ton. In Chinese market FG PET Chip was at RMB 12150/ton to RMB 12250/ton.

PSF price continued to decline, in Chinese market PSF offers hovered around US$ 1845/ton to US$ 1855/ton. In Indian market 1.4 D PSF was around INR 98.75/Kg. 1.4 D Super black was around INR 111.25/Kg. In S E Asian market PSF offers were around US$ 1820/ton. In Chinese domestic market PSF offers were around RMB 12800/ton.

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Fibre2fashion News Desk - India

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